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Consumer
Date November 20, 2025 Consumer Discretionary
52wk High $15.48
52wk Low $1.26 FST Corp. KBSX $1.43
No. 3, Gongye 1 Rd
Chiayi, N/A 621018

(USD - in millions) fstcorp.com
Market Cap 65.6
Enterprise 92.9
Basic Shares Out. 44.77 COMPANY OVERVIEW
Float 9.26
Institutional Holdings 4.15% Detailed Analysis:Channelchek.com
Short Interest 0.21
Avg. 90-Day Volume 0.02 Founded in 1992, FST Corp. manufactures and sells golf club shafts,
along with other golf-related items, to golf equipment brands, OEMs,
distributors, and consumers via the company’s KBS Golf Experience
retail outlets. FST’s equipment, marketed under the KBS brand, is
EPS Data utilized by golfers at all levels, including many professional players
participating in the PGA and other major golf associations. The
2022 2023 2024 company’s product portfolio, retail presence, and golf-related services
CQ1 N/A N/A N/A are part of a vertically integrated business model that has established
CQ2 N/A N/A N/A the KBS brand on a global scale and created significant competitive
advantages over peer brands. The company’s growth strategies
CQ3 N/A N/A N/A currently position it for expansion into the PRC and other under-tapped
CQ4 N/A N/A N/A golf shaft markets.
CY N/A N/A N/A Source: Channelchek/QuoteMedia

Long-Term EPS Estimate N/A
Price/Book (mrq) 0.24
ROE (ttm) -48.00
Debt-to-Total Cap. (mrq) 76.60
Fiscal Year End 31-Dec
C
No. 3, Gongye hiayi N/A 621018

Key Executives
CEO: Chuang, David
CFO: Tadla, Sebastian
COO: Huang, Cheng-Teng
IR: N/A
Noble Capital Markets, Inc.
Source: Capital IQ, Noble Financial estimates, company filings
Noble Senior Analyst 561-994-1191 noblecapitalmarkets.com
Mark Reichman MEMBERS: FINRA, SIPC, MSRB
mreichman@noblecapitalmarkets.com Following the conference, complete video library of presentations will be
available at: channelchek.com | nobleconference.com
(561) 999-2272

Refer to the back of the book for disclosures